Jump to content

Rotomac owner arrested


Recommended Posts

Posted

Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul

Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul
By Zee Media Bureau | Updated: Feb 22, 2018, 21:35 PM IST

New Delhi: Rotomac pens owner Vikram Kothari and his son Rahul Kothari were arrested by the CBI on Thursday in connection with the alleged loan default of Rs 3,695 crore to a consortium of seven nationalised banks, news agency Press Trust of India has reported.

As per the FIR, Kothari owes Rs 754.77 crore to the Bank of India, Rs 456.63 crore to the Bank of Baroda, Rs 771.07 crore to the Indian Overseas Bank, Rs 458.95 crore to the Union Bank of India, Rs 330.68 crore to the Allahabad Bank, Rs 49.82 crore to the Bank of Maharashtra and Rs 97.47 crore to the Oriental Bank of Commerce, where the principal loan amount stands at Rs 2,919.39 crore, however, the amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment.

On Wednesday, Kothari and his son were questioned by the CBI for the third consecutive day at the investigation agency’s headquarters in New Delhi.

Earlier, Kothari was questioned in Kanpur by CBI officials. His residence and office in Kanpur were among the multiple locations raided by CBI sleuths last week.

 

 

 

Nirav Modi gadini kooda pattukondi... UK became safe haven for financial criminals

Posted
1 minute ago, dasara_bullodu said:

Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul

Rotomac loan fraud: CBI arrests owner Vikram Kothari, son Rahul
By Zee Media Bureau | Updated: Feb 22, 2018, 21:35 PM IST

New Delhi: Rotomac pens owner Vikram Kothari and his son Rahul Kothari were arrested by the CBI on Thursday in connection with the alleged loan default of Rs 3,695 crore to a consortium of seven nationalised banks, news agency Press Trust of India has reported.

As per the FIR, Kothari owes Rs 754.77 crore to the Bank of India, Rs 456.63 crore to the Bank of Baroda, Rs 771.07 crore to the Indian Overseas Bank, Rs 458.95 crore to the Union Bank of India, Rs 330.68 crore to the Allahabad Bank, Rs 49.82 crore to the Bank of Maharashtra and Rs 97.47 crore to the Oriental Bank of Commerce, where the principal loan amount stands at Rs 2,919.39 crore, however, the amount swelled to Rs 3,695 crore, including the accrued interest, because of repeated defaults on payment.

On Wednesday, Kothari and his son were questioned by the CBI for the third consecutive day at the investigation agency’s headquarters in New Delhi.

Earlier, Kothari was questioned in Kanpur by CBI officials. His residence and office in Kanpur were among the multiple locations raided by CBI sleuths last week.

 

 

 

Nirav Modi gadini kooda pattukondi... UK became safe haven for financial criminals

rendu threads esava..antey rendu sarlu arrest ayyada ? 

Posted

There are around 9k willful defaulters anta so arresting or punishing one person won’t make much diff in my view.. irrespective of congress or bjp.. banking reforms should take place 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...